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Wangneng Environment Co., Ltd. Class A

Wangneng Environment Co., Ltd. Class A

SSZSE:002034
13.51
CNY
+0.29
(+2.19%)
1.68EPS
9.66P/E
7.38BMarket Cap
Oct 27Next Earn
Wangneng Environment Co., Ltd. Class A
SZSE:002034
(Shenzhen Stock Exchange)

Recent

price

13.51

P/E

ratio

9.66

div

yld

3.75%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
9.42
9.71
9.47
9.67
7.75
6.33
5.25
4.31
2.02
2.81
4.07
7.08
7.83
7.39
7.41
7.6
7.54
Revenue per Share
0.06
0.58
0.15
0.28
-0.12
0.28
0.46
0.72
0.74
1.01
1.25
1.58
1.7
1.4
1.31
1.69
1.76
Basic EPS, GAAP
-0.13
-0.18
0.03
-0.49
0.73
0.23
-0.19
-0.43
-2.51
-3.82
-1.69
-0.35
-0.27
0.58
1.86
2.73
- -
Free Cash Flow per Basic Share
0.18
0.21
0.33
0.31
0.55
0.01
0.31
0.11
0.29
0.5
0.58
0.99
0.82
1.17
0.9
0.82
0.51
Dividend per Share
3.02
3.6
3.57
3.48
3.02
3.35
13.17
7.99
8.73
9.89
11.3
12.57
14.13
14.98
15.68
16.61
17.09
Book Value per Share
2.1
3
2.99
2.93
2.5
3.04
5.62
4.13
4.35
2.17
-1.07
-0.78
-0.14
0.65
1.99
2.36
3.03
Tangible Book Value per Share
131
137
140
139
140
142
301
326
414
417
418
424
428
430
428
427
428
Basic Weighted Avg Shares
1,237
1,333
1,322
1,343
1,087
899
1,582
1,405
836
1,171
1,698
3,000
3,350
3,178
3,173
3,244
3,226
Sales/Revenue/Turnover
5.3
6.31
4.22
3.9
-0.53
6.73
13.12
26.78
47.8
48.95
44.39
32.7
31.26
31.95
31.62
35.26
36.32
Operating Margin (%)
51
42
40
39
50
25
207
207
219
286
420
543
612
690
753
746
- -
Depreciation Expense
8
80
21
38
-16
39
138
235
306
421
522
670
728
602
561
721
753
Net Income, GAAP
29.75
22.79
33.57
23.72
- -
17.83
15.56
16.11
12.97
12.61
8.45
5.55
6.38
10.94
14.83
14.62
14.63
Effective Tax Rate (%)
0.62
5.99
1.55
2.86
-1.52
4.37
8.74
16.71
36.62
35.98
30.75
22.32
21.73
18.95
17.68
22.23
23.34
Profit Margin (%)
-58
73
-16
-122
-237
108
256
779
472
154
821
117
23
-234
78
-1,030
-778
Working Capital
- -
- -
3
2
2
2
401
486
1,446
3,150
4,979
4,790
5,325
5,175
4,862
2,757
2,739
LT Debt
546
671
658
656
527
493
2,701
3,341
3,657
4,148
4,787
5,428
6,265
6,530
6,767
7,353
7,565
Total Equity
1.42
2.24
1.51
2.82
- -
5.96
6.71
7.26
6.65
6.67
5.85
6.4
6.14
4.54
4.49
6.13
6.29
Return on Invested Capital (%)
1.61
3.71
4.44
6.9
- -
6.24
4.81
6.54
7.26
7.55
7.72
8.76
8.58
7.11
6.19
7.07
7.23
Return on Capital (%)
1.87
17.5
4.15
7.71
-3.51
8.57
9.54
8.17
8.8
10.87
11.76
13.18
12.69
9.64
8.55
10.38
10.68
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
889
2,051
2,032
LT Borrowings
4,425
2,757
2,739
LT Finance Leases
12
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
434
434
434
Market Capitalization
7,287
6,900
7,378

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
2,408
2,402
2,460
Cash, Cash Equivalents & STI
521
559
584
Accounts Receivable, Net
1,309
1,184
1,240
Inventories
57
68
48
Total Current Liabilities
2,147
3,432
3,238
Payables & Accruals
- -
- -
- -
ST Debt
889
2,051
2,032
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
55.48%
9.07%
8.67%
Free Cash Flow
35.04%
-29.52%
46.53%
Net Income, GAAP
45.55%
8.28%
28.58%
Sales/Revenue/Turnover
19.46%
17.05%
2.23%
Total Cash Common Dividend
546.52%
13.67%
-9.3%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
786
804
839
744
3,173
2025
874
828
- -
689
3,244
2026
836
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.42
0.35
0.11
1.31
2025
0.47
0.43
- -
0.4
1.69
2026
0.46
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.39
0.09
0.33
0.9
2025
0.08
0.07
- -
0.3
0.82
2026
0.05
- -
- -
- -
- -
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Business
Wangneng Environment Co., Ltd. (002034.SZ) is a China-based environmental protection enterprise under Meixin Da Group that specializes in urban solid waste comprehensive management; the company invests in, constructs, and operates waste-to-energy incineration plants, kitchen waste resource utilization projects, sewage treatment facilities, sludge treatment operations, rubber recycling initiatives, wastewater treatment services, resource utilization of bottom ash and fly ash, and urban refuse transfer services. It generates electric power, steam, waste oil, and recycled rubber products from these activities, employing flexible models such as TOT, BOO, BPP, and EPC+O to manage 21 waste-to-energy plants with over 8.8 million tons annual waste treatment capacity producing approximately 3.04 billion kWh of clean electricity, 20 phases of kitchen waste projects handling over 2.05 million tons annually to extract more than 30,000 tons of usable grease, and rubber recycling exceeding 200,000 tons of waste tires yearly. Founded in 1993 and headquartered in Huzhou, Zhejiang Province, the company operates primarily in China with 98 subsidiaries including five overseas units in Thailand, Cambodia, Australia, and Singapore, serving municipal and industrial clients in the solid waste sector as one of China's top ten influential solid waste enterprises and top 50 environmental firms by revenue. Recent developments include the June 2025 groundbreaking for its first Vietnam solid waste incineration power generation project in Thai Binh Province with Dragonventures Investment and Development Co., Ltd., designed for 600 tons daily waste processing and 15 MW capacity; a signed franchise agreement for kitchen waste technical improvement and capacity expansion in Luoyang City; a concession agreement for a kitchen waste treatment project in Dazhu County; a proposed acquisition of two holding subsidiaries from Meixin Da Group; and an ongoing share repurchase program completed through September 2025 covering 9.46 million shares for RMB 151.6 million.